Education Loan Scheme
Special Features Added:
- Sapno ki Udaan” -Education Loan Campaign” - (Sapna Apka …… Sath Humara……!!!)
-------- Campaign Period- 23rd May to 31st July 2022.
- 0.15% concession in applicable ROI (Starting ROI 7.70%) to all IIMs, IITs, ISB & XLRI Jamshedpur students. (Additional feature during campaign period only)
- Additional educational expenses of Rs 1.50 lakh within the overall limit of loan scheme for purchase of 2 wheelers for convenience in commutation. (for Premier institutions under Maha Scholar Education Loan Scheme)
- No Margin Money. Up to 100% financing (for Premier institutions)
- NO collateral security (for Premier institutions).
- ROI concession to Girl student.
- Instant In-principle sanction before registration in Institutions.
- Longer repayment period upto 15 years (Excluding Moratorium) to reduce the EMI burden.
- Loan will cover tuition fees, hostel fees, cost of books etc.